A U.S. Department of Energy document that unveiled a $150 million award to battery material maker Novonix for a new factory identifies Chattanooga as the future home for the proposed $1 billion plant.
The Chattanooga area is growing slower than many similar cities, and educating workers remains a worry, but a new growth plan calls for more air service, possibly expanding the city s business incubator and boosting the Gig City profile.
A company in the electric vehicle supply chain proposing a huge new plant in Southeast Tennessee on Thursday said the investment has risen by about a third to $800 million.
Novonix has entered into an agreement with battery manufacturer LG Energy Solution to develop an artificial graphite material for LG batteries at Novonix s Chattanooga facility on Riverfront Parkway.
Volkswagen Group of America is giving up an option on a large vacant tract near its Chattanooga production plant, and an official said plans are to market the land potentially to a company involved in the electric vehicle space.